Sunday, May 15, 2011

Conclusion

The for corn for ethanol production, livestock feed, and international use is rapidly growing, making corn key to the economy of the United States. Corn's role is so major that its price effects all US consumers and global consumers as well. While the increase in use and production of corn is a good thing, the inflation caused by split demand is not. Ethanol production is the main factor in corn price inflation, with its recent rise to power in the economy and shocking consumption. This rise in consumption affects the livestock industry, making meat production costs higher, especially in cattle. These high production costs reach deep into the US economy, all the way to grocery store shelves. But corn as a commodity is key to the United States' international trade, and is our largest agricultural export. Follow this link for some quick fun facts on corn, to lighten the mood. ---> http://www.campsilos.org/mod3/students/index.shtml